Dietz & Watson will construct a new trucking and distribution center in Tacony, Pennsylvania, to replace its Delanco facility that was destroyed in a massive fire in September, the Philadelphia Inquirer reported.

The $50 million, 200,000-square-foot facility will open up on the Delaware River next to its existing headquarters. It will employ 110 people and another 50 jobs will be created in the future, Gov. Tom Corbett said in a statement, the Inquirer reported. The existing headquarters employs close to 700 people. A conveyor system will be used to transfer food from its kitchens to the new storage facility, a move that will eliminate more than 200 weekly trips into New Jersey to its former facility, according to the statement.

The family-owned company that produces deli meats and cheeses received funding from Pennsylvania's Department of Community and Economic Development, including a $2 million grant. The company is also eligible for up to $12.5 million in loans and other funds, according to Corbett's administration.

Philadelphia Mayor Michael Nutter joined the governor in the announcement on Tuesday.

"We are very excited that Dietz & Watson has chosen to expand and reinvest in Philadelphia," said Nutter. "Today's announcement is just the latest in a string of great wins for Philadelphia as we help companies to start, stay and grow in our city."

The move comes even after Dietz & Watson was offered financial incentives to stay and rebuild in New Jersey, according to previous reports. They were awarded $3 million in tax credits annually over 10 years by the New Jersey Economic Development Authority's Grow New Jersey program, however it was contingent on the company getting site approval to rebuild and securing the financing within one year.